TRxADE Health Inc. (MEDS) stock prices were down by a marginal 3.77% shortly after market trading commenced on August 10th 2021, bringing the price per share down to USD$4.85 early on in the trading day.
eGift Card Program
August 10th 2021 saw the company announce the launch of an eGift Card program by its telehealth subsidiary, Bonum Health. This move is designed to be an innovative way for uninsured and under-insured customers to gain access to healthcare. A low-cost digital pre-paid pass will be provided to grant this accessibility. The cards can be personalized and electronically gifted to individuals or large groups. This allows family members or employers to distribute purchased passes to allow people to obtain critical healthcare services. This can be done from the comfort of their homes, which makes it ideal for low-income senior citizens who require regular checkups.
Functions of MEDS Stock’s eGift Cards
The prepaid digital passes allow wielders access to Bonum Health’s nationwide network of more than 650 medical providers. The providers are all Board-Certified and operate across all 50 states. The pass also allows access to MEDS stock’s prescriptions discount partnership with SingleCare, as well as an easily accessible personalized electronic medical record.
Scope of the Program
The eGift card program will offer the provision of streamlined access to healthcare via its pre-paid digital passes. This will address a large demographic of vulnerable, uninsured, and underinsured people in need of critical care. The company is keen to work closely with businesses that were hit especially hard by the coronavirus outbreak. The pandemic resulted in many employers being unable to offer insurance to their employees.
MEDS Stock Consolidating Growth
In conjunction with MEDS stock’s existing retail partnership network, the company is looking to expand. The company is keen to push for exciting new sales strategies in the existing market landscape. This is especially the case with organization such as employers, caregivers, churches, and charitable organizations. MEDS stock is keen to launch its healthcare solutions which will serve to improve the quality of life of consumers within its network, as well as driving increases in shareholder value.
Future Outlook for MEDS Stock
With its recent innovative strategy to expand its market footprint, MEDS stock is poised to continue executing its business plan. The company is hopeful that its eGift Card program will result in an expanded scope of demographics reached. Investors are confident in managements ability to leverage the new program to facilitate unprecedented growth.
